Exxon Mobil Corporation’s marine affiliate, SeaRiver Maritime, Inc., named on Friday (April 25) the Liberty Bay, the first of its two new U.S.-flag crude oil tankers, at a ceremony at Aker Philadelphia Shipyard.The first-in-class vessel, constructed at the shipyard, incorporates the latest safety, navigation and engine room technologies and will begin supplying crude oil from Alaska North Slope to refineries along the U.S. west coast later this year. The double hull Liberty Bay is 820-feet long and has capacity to carry 800,000 barrels of oil.SeaRiver Maritime’s contract with Aker for two tankers, valued at $400 million, delivered a significant economic boost to the greater Philadelphia region where it generated employment and millions of dollars in revenue. When placed into service, the new tankers’ economic contributions will extend across the United States to Alaska, California and Washington as they begin to support oil production and refining operations. They will replace two existing double hull tankers.“We knew that this project would have a positive economic impact, creating more than 1,200 jobs and generating millions of dollars in revenue for the city of Philadelphia, the commonwealth of Pennsylvania and beyond,” said Darren Woods, president of ExxonMobil Refining & Supply Company. “What we celebrate today is a reminder of what America’s energy industry can do and is doing – investing in our country. Expanding supplies of affordable, reliable energy has been a major contributor to our economy, creating jobs and helping meet our government’s fiscal challenges.”Woods highlighted the key role Pennsylvania is playing in the US energy and manufacturing renaissance. “Domestic natural gas production has risen by about 25 percent over a 10-year period. At the same time, U.S. crude oil production has risen by 13 percent,” he said. “Today, the Marcellus Shale produces 20 percent of U.S. natural gas supply. The impact this growth in domestic energy production is directly having on the U.S. economy is remarkable.”In addition to double hulls for all cargo and fuel tanks, the Liberty Bay is equipped with redundant components for key systems, including main engine components and controls as well as fuel, lube oil and electrical systems to deliver energy efficiencies and better performance.These features reflect the results of SeaRiver Maritime’s consultation with independent specialists to complete an extensive evaluation of the vessel’s design using Failure Mode and Effects Analysis, a methodology used by the aerospace industry and the U.S. Department of Defense. This study analyzed key operating systems under a variety of scenarios at sea. The ship’s main engine and auxiliary systems will be energy efficient and generate lower air emissions than what regulatory standards currently require.Delivery of the second Liberty-class vessel is expected by year-end 2014.
Highlights at the close Friday at world financial market trading.Stocks:S&P/TSX Composite Index — 15,807.17, up 64.97 pointsDow — 22,871.72, up 30.71 pointsS&P 500– 2,553.17, up 2.24 pointsNasdaq — 6,605.80, up 14.29 points (record high)Currencies:Cdn — 80.08 cents US, down 0.10 of a centPound — C$1.6606, up 1.35 centsEuro — C$1.4780, up 0.10 of a centEuro — US$1.1836, down 0.07 of a centOil futures:US$51.45, up 85 cents(November contract)Gold futures:US$1,304.60 per oz., up $8.10(December contract)Canadian Fine Silver Handy and Harman:Daily quote unavailable from source; office closed on Fridays(Thursday: $22.376 oz.; $719.39 kg.)
“The world’s success in rolling back malaria shows just what can be achieved with the right kind of determination and partnerships,” said Mogens Lykketoft, the President of the UN General Assembly. “It provides bold inspiration to all nations that seek to create a healthy environment for their children and adults. We can and we must eliminate malaria by 2030,” he added, noting that this will require full implementation of the new strategy developed by the Roll Back Malaria Partnership and the World Health Organization (WHO). “In it, we have the path forward – I urge all member states to fully support implementation of this strategic plan,” Mr. Lykketoft stressed.Thanks to collective efforts and increased financing, the UN is announcing that the world has met and surpassed MDG6 targets to halt and begin reversing malaria incidence by 2015. Progress in the fight against malaria since 2000 averted more than 6.2 million malaria deaths, some 97 per cent of which have been among young children. In Africa alone – where some 90 per cent of all malaria-related deaths still occur – an estimated 69 per cent reduction in malaria mortality among children under the age of five over the past fifteen years has reportedly helped to improve overall child survival rates and has directly contributed to MDG4. In addition, over 100 countries are already free of malaria, and at least 55 are on track to reduce malaria case incidence by 75 per cent by the end of the year. For the first time in history, fewer people than ever are getting infected with malaria in Africa, and many countries around the world are focusing on elimination targets, with new regional commitments announced in the Americas, Eastern Mediterranean, Asia Pacific, and Africa. “Today, we celebrate major advances in our fight against malaria,” UN Secretary-General, Mr. Ban Ki-moon said in a message. “With stronger coordination by the Roll Back Malaria Partnership and increased financing, global mortality rates have decreased by more than half since 2000, and the global MDG target for malaria has been achieved,” he stated. Despite unprecedented advancements, WHO estimates approximately 214 million cases of malaria infection in 2015, claiming the lives of approximately 472,000 people, the majority of them African children under five years of age. With more than half of the world’s population at risk of malaria infection, the health agency warned that malaria remains a major cause and consequence of poverty and inequity worldwide, impeding economic development, undermining food security, stopping children from going to school, and absorbing the capacity of national systems to respond effectively to health security threats. Meanwhile, lives saved from effective malaria interventions have been linked to a 20 per cent reduction in all-cause child mortality in sub-Saharan Africa since 2000, while efforts to prevent malaria in pregnancy have averted nearly 95,000 newborn deaths between 2009 and 2012. As the world transitions to a new set of 17 Sustainable Development Goals (SDGs) recently adopted by world leaders in September – which will build on the MDGs – the Roll Back Malaria Partnership is also urging continued commitment to achieve malaria elimination by 2030 and help advance broader development efforts across sectors. “Under the MDGs, we have seen what can be achieved when we join our efforts and come together in a coordinated fashion,” said Hervé Verhoosel, Representative of the Roll Back Malaria Partnership Secretariat in New York. “As we set our sights on elimination, we stand to avert nearly 3 billion cases of infection and generate some $4 trillion in additional economic output over the next 15 years. But we must ensure political commitment and predictable financial resources necessary to carry us over the finish line,” he underlined.